Reliance Industries Ltd.

The Board of Directors of Reliance Industries and Reliance Petroleum have approved the merger of the latter with the former, on 2^nd March 2009.  India’s largest ever merger will create World’s 10^th largest private sector refining company and will elevate RIL as the World’s largest producer of Ultra clean fuels at a single location.

The merger ratio has been decided at 1 share of Reliance Industries for every 16 shares held in Reliance Petroleum.  The merger will be effective from 1^st April 2008, subject to approval of shareholders, courts etc. crackcrack